Seven Hot Tips to Save Cold Cash Without Alienating Your Spouse, Children, and Pets

Yes, you can cut expenses. Start now and keep up the good work.

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Photo credit: Darrin Atkins

Some people say a recession is right around the corner. Do you what that means? A lot of bad news is what it means.

We’ve had a super strong, super healthy economy with low employment for over a decade. Things are great and optimism is running higher than ever.

But there are dark financial clouds in the horizon. Maybe they will pass us by. And maybe not.

If you’ve got your financial house in order with no risk assets, maybe you think you have nothing to worry about. That’s nice.

But there’s a large number of people like me who don’t have big money invested in tech stocks and who don’t have fancy cars and trucks.

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Photo credit: Darrin Atkins

Here are seven tips and suggestions I have to save more money each month and build more of a financial nest egg. Believe me, try at least one of them and you will notice an improvement.

  1. Save receipts. One of the easiest things to do is collect and read your receipts. I mean, it should be automatic that you ask for a receipt as much as possible. This helps so much when you return things. But it benefits more by showing how much you are spending and how you can cut expenses.
  2. Do accounting. This part is hard. Have someone keep a spreadsheet to track money that is spent. Now don’t take this too far where others in the household feel blamed. Let both spouses take turn entering the numbers and looking at the numbers.
  3. Change things when you find a better deal. Yes, it takes work to shop around for a better rate on car insurance. It takes hard work to crunch the numbers. It takes effort to decide to switch companies in order to save more money in the long run.
  4. Ask for cash gifts. Most people prefer a tangible gift, but how about a gift card or cash instead? After all, I don’t remember most of the gifts I’ve received in my life.
  5. Change the culture. A lot of families don’t talk about money, or they talk and then fight about it. Work to change that if you can.
  6. Do staycations. Instead of big expensive short vacations, try longer vacations that are closer to home. And then relax at the hotel as much as possible.
  7. Sell things, and then do it again.
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Photo credit: Darrin Atkins

These are just a few ideas on how you and your family can keep track of your finances and save money. It is not going to be easy, for sure.

One of the biggest stressors in a household is money, either regarding how the money is spent or where it is going. Imagine one spouse who works hard every day being told what to do about the money that he or she wants. Nobody likes that.

Relationships can and do fail quickly because of financial issues and fights over money. So the sooner you and your partner can find common ground and agreements about money and expenses, the sooner you can focus on better things.

Hopefully you can start using some of these tips. But if you do, make sure you do it voluntarily and without resentment. Be committed to the goal of cutting expenses, saving money and achieving financial success. You can do it.

Written by

writer and novelist. traveler and adventurer. looking for fun in the sun. chasing the dream. can't stop the feeling that time is going faster.

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